Google to buy stake in Xunlei
By Wang Xu (China Daily)
Updated: 2007-01-04 10:12
Google Inc, the most-used search engine, will buy a stake in Xunlei
Networking Technology Co Ltd, a Chinese peer-to-peer file sharing network
is reportedly partnering with Ceyuan Ventures, a Shanghai-based venture capital firm for the investment. Neither company was
available for comment.
"We will announce the details of the deal tomorrow," said
Xunlei spokesman Jackson Zhang.
Shenzhen-based Xunlei provides a peer-to-peer file
sharing network and download accelerating services. More than 80 million users
have installed its download accelerating software and its websites attract more
than 50 million visitors a day, the company said.
Analysts said Xunlei's huge user base could help boost
Google's growth in China, where it is struggling to catch up with local
A Google Inc display at
a recent information technology exhibition in Beijing. [China
"Xunlei could allow Google
to bundle its toolbars to Xunlei's software and websites, and thus help increase
Google's users," said Tiger Hou, research director at the iResearch Consulting
Google, which launched its Chinese website earlier last
year, has been scrabbling for market share, and faces fierce competition from
both Baidu and Yahoo.
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